The EURUSD pair gave us a solid short-term buy last time (January 13, see chart below) that easily hit the 1.02850 Target:
The price remains near the top of the 5-week Channel Down and technically this is a sell signal. Our Target is 1.01250, which is the -2.30% minimum decline that has taken place within this pattern as a Bearish Leg.
If the price rises more however and breaks above the 4H MA200 (orange trend-line), it will be the first time to do so since October 01 2024, and a technical buy signal. In that case, take the loss on the sell and go long instead, targeting 1.06250, which is both marginally below the starting level (Resistance 1) of the Channel Down, as well as significantly below the 2.0 Fibonacci extension.
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The price remains near the top of the 5-week Channel Down and technically this is a sell signal. Our Target is 1.01250, which is the -2.30% minimum decline that has taken place within this pattern as a Bearish Leg.
If the price rises more however and breaks above the 4H MA200 (orange trend-line), it will be the first time to do so since October 01 2024, and a technical buy signal. In that case, take the loss on the sell and go long instead, targeting 1.06250, which is both marginally below the starting level (Resistance 1) of the Channel Down, as well as significantly below the 2.0 Fibonacci extension.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
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I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.